Shares fell after the company's business update last Wednesday failed to excite its investor base, and the latest update shows that there's a laundry list of challenges facing the home-goods retailer. Comparable sales fell 26% in the latest quarter, and the company reported a loss of $325 million in free cash flow, meaning cash burn reached nearly $1 billion in the first half of the year. Read More...
Shares fell after the company’s business update last Wednesday failed to excite its investor base, and the latest update shows that there’s a laundry list of challenges facing the home-goods retailer. Comparable sales fell 26% in the latest quarter, and the company reported a loss of $325 million in free cash flow, meaning cash burn reached nearly $1 billion in the first half of the year.
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